REC has made such an improvement since October. After the closing of the capital increase, it looks as if what had looked like management’s wishful thinking might have turned into something more realistic. Seeing the signs of the times, the re-vitalisation of a photovoltaic value chain outside China makes a lot of sense against the background of everything becoming greener hype.
The reported Q4 figures were not that game-changing, as we had expected in Q4, as REC was still loss making.
19 Feb 2021
Barely profitable at the EBITDA level in Q4
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Barely profitable at the EBITDA level in Q4
REC has made such an improvement since October. After the closing of the capital increase, it looks as if what had looked like management’s wishful thinking might have turned into something more realistic. Seeing the signs of the times, the re-vitalisation of a photovoltaic value chain outside China makes a lot of sense against the background of everything becoming greener hype.
The reported Q4 figures were not that game-changing, as we had expected in Q4, as REC was still loss making.